US-based cloud virtualisation software provider Datometry has secured $17m in a series B round featuring computing technology provider Dell’s corporate venturing unit, Dell Technologies Capital.
WRVI Capital led the round, which included fellow venture capital firm Acorn Pacific Ventures, growth equity fund Redline Capital and an additional participant known as Nepenthe.
Datometry has built a software platform called Hyper-Q which allows organisations to operate and manage applications within multiple cloud databases or data warehouses, across different cloud platforms, without reconfiguring them or rewriting code.
Mike Waas, Datometry’s chief executive, said: “Replacing a legacy data warehouse with a modern cloud data warehouse is one of the most rewarding, but also the toughest, challenges IT leaders are currently facing.
“Our Hyper-Q platform redefines this transformation entirely: we give enterprises a software-based, simple and reliable path. All at a fraction of the cost. We provide both, cloud vendors and enterprises, unique means to improve their competitive posture significantly.”
The company raised $1m in seed capital in 2014, according to a securities filing, and added $10m in a 2017 series A round led by Redline Capital and backed by Dell Technologies Capital and Acorn Pacific Ventures.
